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Investment A will make N annual payments of 1000 with the first of the n payments due immediately. Investment A has a value of $33000.
Investment A will make N annual payments of 1000 with the first of the n payments due immediately. Investment A has a value of $33000. Investment B is an ordinary annuity that will make (N minus 1) annual payments of $1000 with the first payment due in one year from today If investment A and investment B has the same expected return, then what is the value of investment B?
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